Any and all liability for our exchange rates is disclaimed, including without limitation direct, indirect or consequential loss, and any liability if our exchange rates are different from rates offered or reported by third parties, or offered by us at a different time, at a different location, for a different transaction amount, or involving a different payment media (including but not limited to bank-notes, checks, wire transfers, etc.). We do not accept any liability for our exchange rates. You are a customer and these transactions do not establish a principal/agent relationship or any other relationship that may create a heightened duty for us. You acknowledge that the parties to these exchange rate transactions engaged in arm’s-length negotiations. Again, you have no interest in any profit associated with this activity and those profits are solely for our account. You should assume we have an economic incentive to be a counterparty to any transaction with you. We also may take proprietary positions in certain currencies. You will have no interest in any profits. When our pre-hedging and hedging activity is completed at prices that are superior to the agreed upon execution price or benchmark, we will keep the positive difference as a profit in connection with the transactions. You acknowledge that we bear no liability for these potential price movements.
These transactions may affect the price of the underlying currency, and consequently, your cost or proceeds. These transactions will be designed to be reasonable in relation to the risks associated with the potential transaction with you. Such activities may include trading ahead of order execution. In connection with our market making and other activities, we may engage in hedging, including pre-hedging, to mitigate our risk, facilitate customer transactions and hedge any associated exposure. The level of the fee or markup may differ for each customer and may differ for the same customer depending on the method or venue used for transaction execution. The price provided may include profit, fees, costs, charges or other mark ups as determined by us in our sole discretion. We provide all-in pricing for exchange rates. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency. Exchange rates offered by other dealers or shown at other sources by us or other dealers (including online sources) may be different from our exchange rates. You acknowledge that exchange rates for retail and commercial transactions, and for transactions effected after regular business hours and on weekends, are different from the exchange rates for large inter-bank transactions effected during the business day, as may be reported in The Wall Street Journal or elsewhere. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. This information on this page is strictly informative in nature and does not give users any rights.1Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. These exchange rates are available in electronic format from March 1994 in the form of downloadable files. For each currency, the converter provides the historic rates of conversion against the euro (or, until December 1998, against the ecu). InforEuro provides rates for current and old currencies for countries both inside and outside the European Union. The rates indicated are the market rates for the second to last day of the previous month as quoted by the European Central Bank or, depending on availability, provided by the delegations or other appropriate sources close to that date. The converter also allows general users to get monthly currency conversion rates, from the current month back to 1994. at the request of the European Commission. These rates are used to calculate amounts for the reimbursement of expenses, travel or subsistence costs for external people participating in meetings, interviews etc. This static currency converter provides the European Commission’s official monthly accounting rate for the euro and the conversion rates as established by the Accounting Officer of the European Commission in line with article 19 of the Financial Regulation.
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